v e g a s i n c . c o m | J U NE 1 9 - 2 5 , 2 0 1 6
Has cash been dethroned? Once the king of financial transactions, paper money is increasingly being replaced by other forms of payment By HOWARD RIELL | SPECIAL TO VEGAS INC
Cash is slowly disappearing, and not because anyone is stealing it. ¶ It’s been elbowed out by the use of debit cards, credit cards and online transactions, a trend that will accelerate with the arrival of ApplePay and other technology that transforms mobile devices into charge cards. And it’s about to be hit by another wave, as payment technology gets cash, Conti nued on page 15
$3B
Amount Lockheed Martin Corp. is set to receive from the Danish government. Denmark is ordering 27 F-35A stealth fighter jets.
4,750
Number of additional vessels that will be able to pass through the Panama Canal yearly when additional locks open. It is estimated this will reduce global maritime shipping costs by $8 billion annually.
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VEGAS INC
JUNE 19-JUNE 25
CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q&A WITH MICHAEL FEDER
A member of local law firm Dickinson Wright’s litigation department, Michael Feder talks about the issues facing Southern Nevada today, balancing work and family life, and why he aspires to live up to the standards set by his father. THE NOTES Giving, P4
MEET: SALTED MALTED BAKERY & CREAMERY
DATA AND PUBLIC INFORMATION A listing of local bankruptcies, bid opportunities, brokered transactions, business licenses and building permits.
Canadian food — yes, it’s a thing. Cait Messina moved to Las Vegas 24 years ago, and long dreamed about opening a Canadian-food restaurant. Last year, she did it, crafting a menu that serves Canuck favorites.
MORE VEGAS INC BUSINESS NEWS Calendar: Happenings and events, P17 The Lists: Highest-paid business leaders, P22
TALKING POINTS Nevada, New Jersey taking the lead in eSports, P7
EDITOR Erin Ryan (erin.ryan@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer (ray.brewer@gmgvegas.com) STAFF WRITERS Kailyn Brown, Jesse Granger, Chris Kudialis, Megan Messerly, J.D. Morris, Daniel Rothberg, Cy Ryan, Eli Segall, Ricardo Torres-Cortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Clayt Keefer EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz OFFICE COORDINATOR Nadine Guy
ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Mikayla Whitmore PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus
ADVERTISING ASSOCIATE PUBLISHER OF ONLINE MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATOR Denise Arancibia SENIOR ADVERTISING MANAGER Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn BUSINESS DEVELOPMENT SPECIALIST Sandra Segrest ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Kelly Gajewski, Justin Gannon, Chelsea Smith, Chelsea Smith, Tara Stella GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli
MARKETING & EVENTS EVENT MANAGER Kristin Wilson DIGITAL MARKETING MANAGER Jackie Apoyan
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CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein
VOLUME 3, ISSUE 24 Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the first Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices.
LAS VEGAS SUN ARCHIVES
VINTAGE VEGAS: DEBBIE REYNOLDS IN LAS VEGAS Entertainer and actress Debbie Reynolds has a long history of Las Vegas ties, beginning with her stage debut in 1960 at the Riviera. She also invested in the local economy in the early 1990s when she purchased the Paddlewheel hotel-casino at auction for $2.2 million, then renamed it Debbie Reynolds Hollywood Hotel. Just east of the Strip on Paradise Road, the resort featured a museum of Reynolds’ personal
collection of movie memorabilia. Pictured here is Reynolds on April 1, 1995, welcoming celebrity friends and fans to a party commemorating the debut of the Hollywood Movie Museum inside the hotel. By 1999, the property was sold at auction again after the resort had filed for bankruptcy two years earlier. Last known as the Clarion, it was imploded Feb. 10, 2015. — REBECCA CLIFFORD-CRUZ
POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2275 Corporate Circle, Suite 300 Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions and customer service: Call 818.487.4538, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
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giving
june 19-June 25
Send your business-related information to news@vegasinc.com
is using donated office space from Simmons Group, a company that provides talent management, strategic planning and executive coaching. Ann Simmons Nicholson, founder of Simmons Group, is a board member of Global Gaming Women and is co-chairwoman of the career-advocacy committee.
Lamar Advertising Co. donated billboard space to the Nevada Partnership for Homeless Youth. The Lamar donation, valued at almost $150,000, included digital ads on 29 rotating billboards in high-traffic areas. Two vinyl billboards have been placed near Rancho High School and UNLV and will remain for a year. The Patrick Kelley Youth Foundation gave new bicycles, helmets and locks to students enrolled in After-School All-Stars Las Vegas, a program that provides after-school enrichment, cultural and academic opportunities to more than 6,000 students from 14 at-risk schools in the Clark County School District. The recipients were 150 students from Lunt Elementary, Martinez Elementary and West Prep Academy. Approximately 360 students from nine CCSD elementary schools enrolled in ASAS participated in the annual All-Star Soccer Tournament. Students attended from Squires, Martinez, Hewetson, Tom Williams, Craig, Cortez, Stanford, Culley and Parson elementary schools. Findlay Automotive Group’s Subaru of Las Vegas donated more than $10,000 to SafeNest and Red Rock Search & Rescue. The funds came from the dealership’s Share the Love initiative. Cast members of “Aussie Hunks” visited Opportunity Village’s Engelstad campus to conduct a hip-hop dance class and donate $1,000. The Fine and Performing Arts Program at Opportunity Village teaches people with intellectual and developmental disabilities music, dance, theater and visual arts. Sunrise Hospital and Sunrise Children’s Hospital Pediatric Playroom volunteer John McClenahan received the 2015 Frist Humanitarian Volunteer Award of Distinction, the highest honor someone can receive at Hospital Corporation of America. The Frist Award is given in recognition of the humanitarian spirit and philanthropic work of Dr. Thomas F. Frist Sr., a founder of HCA. The United Health Foundation gave $3 million to the UNLV School of Medicine. The grant will be used over the next five years to put in place medical education and course curriculum, including population health and hospitality in health care. Anne Browne is the foundation director of the Timothy S.Y. Lam Foundation, which supports research, education and training in the hospitality industry. Fremont Street Experience Director of Marketing Thomas Bruny presented the Animal Foundation a check for $15,742. The money was raised from SlotZilla rides March 24.
A first-grade class at Wengert Elementary School received a 300-piece classroom library set with custom reading and resource materials from Scholastic, the global children’s publishing, education and media company.
National Security Technologies, the management and operating contractor for the Nevada National Security Site, donated $10,000 to the United Way of Southern Nevada. (COURTESY PHOTO) The American Civil Liberties Union of Nevada honored five people for their efforts to protect civil rights and liberties at the ACLUNV’s 50th anniversary gala. Jan Jones Blackhurst, executive vice president of government relations and corporate responsibility for Caesars Entertainment Corp., was honored with the Community Equality Award for her dedication to upholding equality in the community, including her work for LGBT rights, women’s rights and gender equality. Journalist Paula Francis, who spent more than 30 years in the television industry serving the Las Vegas community, received the First Amendment Freedom of Press Award. Colin Seale, a Las Vegas attorney and founder and CEO of ThinkLaw, received the Community Juvenile Justice Award for his advocacy and commitment to teaching young people about justice and fairness. Sheila Leslie, a former state senator and assemblywoman, was recognized with the Liberty in Government Award for her commitment to ensuring the government recognizes and honors our liberties. Richard Siegel, a founding member of the ACLUNV, was honored for his activism and public service. Siegel received the Emily Wanderer Award. Aid for AIDS of Nevada opened a free and confidential HIV testing site at its offices at 1120 Almond Tree Lane. Facilities dedicated to testing will be open 8:30 a.m.-noon and 1-4:30 p.m. Monday through Friday. Global Gaming Women, which began in 2011 with the American Gaming Association as a development program to nurture emerging female leaders in the gaming industry, has launched as an independent charitable organization. Virginia McDowell is president and board chairwoman. The organization
Palms Pool and Dayclub is hosting Cabanas for a Cause. On most Mondays this summer, money raised from $100 cabana rentals will go to local charities. Dozens of community leaders, local politicians and entertainers served customers at local McDonald’s restaurants during the McDonald’s Eggs for Education fundraising event. Funds raised supported the Ronald McDonald House Charities of Greater Las Vegas scholarship program. Undie Sunday collected 19 pairs of pants, 33 backpacks, 35 shirts, 45 bras, 50 pairs of shoes, 108 sleeping bags, 769 pairs of underwear and 7,452 pairs of socks for homeless veterans helped through U.S. Vets, Help U.S.A. and Salvation Army. Donations were dropped off at Nacho Daddy locations. The drive was presented by Caridad, a nonprofit dedicated to helping end homelessness. Arline and Henry Gluck helped UCLA Health implement a groundbreaking mobile stroke program. Gluck served as chairman and CEO of Caesars World from 1983 to 1994. He served as co-chairman of Transcontinental Properties from 1995 to 2003 and helped develop Lake Las Vegas. Josh “Chop” Towbin, co-owner of Towbin Automotive, hosted more than 20 young adults from St. Jude’s Ranch for Children and affiliated programs to discuss career growth and keys to professional success. Towbin was joined by senior-level employees who have worked their way up through the company. Miracle Mile Shops donated $790.47 to Easter Seals Nevada. In honor of National Autism Awareness Month in April, coins tossed in the Miracle Mile Shops fountain were donated to the nonprofit. Cox Communications committed to a $500,000 four-year partnership with the Las Vegas Metro Chamber of Commerce. The Kid to Kid resale store on 9326 W. Sahara Ave. teams with BuildOn, a nonprofit organization that works with underserved communities worldwide, to build schools in Haiti and Nicaragua.
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June 19-June 25
Q&A with michael feder
‘Be true to yourself and always act professionally’ In the Dickinson Wright law firm’s litigation department, Michael Feder has represented such prominent clients as the Ultimate Fighting Championship, Caesars Entertainment Corp., Cox Communications and Station Casinos. The firm, which has locations across the country and in Canada, is emphasizing growth in Las Vegas, Feder said. What is the best business advice you’ve received? I started practicing law in Philadelphia, and I was lucky to be mentored by two fantastic trial lawyers, David Braverman and Glenn Callahan. Both had a similar philosophy — work hard, be prepared, be truthful and ethical so your reputation precedes you, and be attentive to client needs. But most important, always remember to be yourself rather than trying to emulate someone else. If you follow these rules, business will come. Today, I give the same advice to young lawyers all the time. If you could change one thing about Southern Nevada, what would it be? It is hard to narrow it down to one Michael Feder, an attorney with Dickinson Wright, is the son of a Holocaust thing, but a big focus needs to be on survivor. (l.e. baskow/Staff) improving our public school system. I promised myself a long time ago I How did you choose your focus I am involved with two great organiwould do my best to spend as much in practicing law? zations — Junior Achievement and time with my family as possible. So Out of law school, I started working the Core Academy — and while their most of my free time is spent with for a firm that focused on litigation. reach is limited, you can see the immy wife and my daughter, whether From the beginning, I knew it was provement in the students when they it is talking about our day or runthe perfect area of law for me. Whethreceive support from these and other ning around to my daughter’s events, er playing sports, or anything else, I organizations. whether it be theater, softball, tennis, love to strategize and implement the volleyball, basketball, etc., so long as strategy. What better area of law to What’s the biggest issue facing we are doing it together as a family. continue those traits than litigation? Southern Nevada? In addition to the education issues, Describe your management style. What advice would you give we do live in a desert, so obviously a I am a believer in a team approach someone graduating from law big issue is the quantity and quality of and being loyal to everyone on the school today? our water supply, especially given the team. Leadership is defined by those Be true to yourself and always act water level at Lake Mead. who are surrounded by people who professionally and ethically, even if want to work with you because they your adversary is not. In addition, What has been your most respect you, rather than those who always be prepared; review the docuinteresting case? work for you because of fear. ments, review the case law and be I have had many interesting cases, prepared for any circumstance that as well as interesting events that ocWhat is your dream job, outside may arise in court, at a deposition or curred during the cases. One case of your current field? even at meetings with a client. that stands out was one in which a I love all sports, especially baseball. client discovered that an employee I guess a dream job would be general What are you reading right was selling stolen merchandise out counsel or general manager of a major now? of a warehouse in Las Vegas. We had sports franchise. I try to read the newspaper on a to file an action and seek emergency daily basis. It never fails that during relief without notifying the other If you could live anywhere a meeting, something will come up party, allowing for the breaking and else in the world, where would about current events, and being the entering into the warehouse to reit be? person who can maintain the convercover the stolen merchandise. The There are many places around the sation stands out among the crowd. judge granted us the order, and obworld I would like to live, but I moved serving law enforcement take action to Las Vegas to be closer to my entire What do you do after work? to recover the stolen property was family. And because of that, I do not We work hard as attorneys, and quite memorable.
see myself living anyplace else since family and home are synonymous. Whom do you admire and why? It may sound cliché, but my father. Though he passed away when I was young, my father was a Holocaust survivor. Anytime I feel or think my life is difficult, I think of him and it puts everything back in perspective for me. He came here with nothing and made a life for himself and my family. There is no one I admire more or aspire to be more like than him. What is your biggest pet peeve? I have many, but my biggest pet peeve is when someone tells me they cannot do something. Life is about facing your fears and the word “cannot” should not be in anyone’s vocabulary. I would rather someone try and fail than not try at all. Where do you like to go for business lunches? One of the best parts of living in Las Vegas is the variety of great restaurants. My preference is to try something new rather than go back to someplace where I have already eaten. If you could change one thing about yourself, what would it be? I wish I had more patience. What is something that people might not know about you? I have been practicing for 24 years, and to this day, whenever I appear in court, I have a moment of anxiety because I am always concerned that I did not prepare enough and something will come up that I did not plan for. Anything else you want to share with us? As a litigator, I deal with adversaries every day. However, just because someone is your adversary, does not mean he or she is your enemy. Treat people with respect and in return they will respect you.
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VEGAS INC
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Send your business-related information to news@vegasinc.com
by the numbers
5
Consecutive years that Mark Rubin, a 30-year-old vice president at ICAP, has won the title of Wall Street’s Best Athlete.
$400 million
Amount of money the British government has spent to build an airport on the island of St. Helena. Although the airport was scheduled to open for commercial operation in May, the BBC reported that commercial operation at St. Helena Airport has been postponed indefinitely.
$26.2 million
Amount that Microsoft will reportedly pay to purchase LinkedIn. The deal is expected to be completed this year.
$72 billion
Amount of debt under which Puerto Rico is struggling. The nation’s attempt to restructure $20 billion of that debt through bankruptcy was struck down by the U.S. Supreme Court in a 5-2 decision.
2
Number of Southern Nevada locations at which Chick-fil-A has broken ground to build restaurants.
5,749
Distance, in miles, between Munich and Las Vegas. Condor Airlines announced it would fly a route between the two cities next year.
3.8 percent
Rate of private-sector job growth in Nevada, according to the state Department of Employment, Training and Rehabilitation. The rate is third-highest in the nation.
$211,500
Amount donated to state legislators between May 21 and June 9 by Las Vegas Sands Corp. and its subsidiaries. The company also donated $500,000 in February and another $175,000 in May to the Energy Choice Initiative, which would break up NV Energy’s monopoly.
Owner Cait Messina poses with a strawberry malt at Salted Malted Bakery & Creamery. Behind the counter, from left, are Jhezmin Rasberry, head baker Jill Beausoleil, Madi Williams and Cassidy McLaws. The store offers Canadian specialties such as poutine, peameal bacon and a variety of sweets. (STEVE MARCUS/staff)
Café gives snowbirds a taste of home Describe your business.
We offer homestyle and upscale sweet and savory treats. We serve breakfast all day. As the only Canadian restaurant in Las Vegas ... we are thrilled to offer many Canuck specialties. Why did you think it was time to bring a Canadian restaurant to Las Vegas?
Salted Malted Bakery & Creamery Address: 6584 N. Decatur Blvd., Suite 120, North Las Vegas Phone: 702-754-6500 Email: saltedmaltedinfo@gmail.com Website: saltedmalted.com Hours of operation: 9 a.m.-9 p.m. daily Owned/operated by: Cait Messina In business since: September
Ever since I moved to Vegas in 1992, I’ve dreamt of bringing Canadian food favorites to my adopted hometown. Knowing that there were many ex-pats like myself living here, including “snowbirds” and retirees, I felt that there had to be plenty of people who would appreciate having a place where they could satisfy their nostalgia and craving for the foods and hospitality they miss most from home.
are also immensely popular. What is your business philosophy?
Providing genuinely warm, gracious and upbeat service is key. I want customers to feel like they are part of our family. What is the hardest part about doing business in Las Vegas?
Competing with national chains with huge marketing budgets is definitely a challenge. And the transient nature of the Las Vegas population makes it difficult to retain long-term customers. Due to our proximity to Nellis AFB, we have dozens of military customers, and I have had several tearful goodbyes due to relocation just in the short time we’ve been in business. What obstacles has your business overcome?
Why do you think it took so long for Canadian restaurants to appear in Las Vegas?
While Canadian cuisine is not much different from American, there are certain treats that are unique to Canada. The abundance of food and travel shows has broadened Americans’ exposure to Canadian food specialties. Poutine, a delicious concoction of fries, cheese curds and gravy, is one such specialty that has been featured on cooking shows. The proliferation of international cuisine in Las Vegas and other cities is evidence that diners are looking to broaden their food horizons, and Canadian cuisine seems to be an untapped opportunity. What are some of your most popular dishes?
Of course, our Canadian treats are a huge hit, particularly our authentic poutine. Our all-day breakfast items
As a startup, we have had very little to spend on marketing and advertising. However, we have been fortunate in that the Yelp community has been prolific and positive. How can Nevada improve its business climate?
Embrace those who dare to dream and launch original business concepts by promoting and endorsing entrepreneurship. Providing incentives and/or tax breaks could go a long way in helping startups survive first-year financial struggles. What’s next for Salted Malted?
Expansion plans are definitely in the works. I would like to open at least three more Salted Malted stores in Las Vegas and hopefully create a franchising program to take the concept to other states and possibly international.
talking points Send your business-related information to news@vegasinc.com
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On Jackie Valley’s lasvegassun.com story “After almost three decades, a passionate protector leaves Mount Charleston”: These are the unsung heroes of our communities and neighborhoods. I wish them all the best in their new home. — newbielv On Daniel Rothberg’s lasvegassun. com story “Reid rips energy task force for not proposing net metering fix”: If someone invests in rooftop solar and has excess energy to sell back, that customer should receive a fair market price for that energy. It’s like people being fined for collecting rain water. — edgarmacosta On the vegasinc. com story “Canine crazy: Las Vegas makes list of top American cities for dogs”: Love the recognition, but since we live in the desert, it would be great to see a dog park with a large swimming area. — hockeygirl477 On J.D. Morris’ vegasinc.com story “Las Vegas Sands unveils plan to build 17,500-seat concert venue”: The people involved remodeled the Forum in L.A., and now it’s primarily a music facility with great acoustics. This arena will compete with T-Mobile Arena for concerts, which is good. — bouldersteve
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VEGAS INC
June 19-June 25
Nevada, New Jersey taking the lead in eSports
T
guest column: meeting made it clear there is a strong here is a billion-dollar market Dennis Gutwald desire to economically encourage eSports for eSports games like Call of game developers to come to Nevada. Duty and League of Legends. Such contests are filling n New Jersey. New Jersey’s regulatory stadiums around the world and attracting process allows eSports developers to millions of viewers online. ESPN is investing heavily in introduce their products more quickly to casino floors than eSports coverage. Nevada. New Jersey passed regulations for the approval of But for the gambling world, eSports has been the looming, eSports, and now eSports gambling games are being tested quiet giant while daily fantasy sports and internet gaming for introduction on casino floors. And New Jersey’s online have grabbed the attention. Unlike those mediums, eSports gaming laws allow all games, not just poker. games are thriving without a gambling component. Now, n Other states. A number of states are creating the developments in Nevada and New Jersey suggest that those regulatory framework to bring games of skill, including states are forming the foundation for eSports gambling and eSports games, to their casino floors. As in Nevada, cash contests to become a billion-dollar industry. eSports games structured as contests for cash can be conducted legally in some states. And there may not be n Nevada. Las Vegas has live eSports contests for many obstacles to states legalizing eSports gambling cash at one of its casinos, the Downtown Grand. Games games. While the Professional and Amateur Sports structured as contests are introduced more quickly than Protection Act of 1992 (PASPA) prohibits sports betting gambling games because the regulatory approval process throughout most of the country, an argument can be is much easier. Nevada hosts major eSports tournaments, made that eSports aren’t true sports under PASPA, so it attracting tens of thousands of new tourists. The state has doesn’t prohibit betting on eSports events. The number of regulations for approving eSports games and is testing states that have quickly moved to enact laws to legitimize live games in which players can compete and bet against online daily fantasy sports strongly suggests that there one another. But Nevada laws for online gaming currently would be an appetite for online or live eSports gambling allow only poker. There are no provisions to offer eSports alternatives. And those states have Nevada and New gambling games online. And some questions remain as to Jersey to look to for guidance. whether Nevada’s sports books can take bets on eSports. Dennis Gutwald is of counsel at Brownstein Hyatt Nevada’s Gaming Policy Committee recently met on Farber Schreck. eSports and interactive gaming. Those who spoke at the
Smith’s world
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
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What Las Vegas can learn from Detroit By jackie valley Staff Writer
When it comes to cities that Las Vegas should emulate as it grows and evolves, Detroit might not take first billing in the minds of most residents. After all, the Motor City made national headlines when the municipality filed for bankruptcy protection in July 2013. Urban decay didn’t help the situation. Several months before the bankruptcy filing, Detroit officials declared a “blight emergency,” given that one-third of the city’s 139 square miles was empty or unused and littered with thousands of vacant homes. But amid the gloomy news, Detroit was slowly paving a comeback, according to key leaders who spoke at a recent event hosted by the Downtown Vegas Alliance and city of Las Vegas at the D Las Vegas. Featured speakers from Detroit are involved in community, business and transportation initiatives revitalizing the struggling city. Despite the age difference and 2,000-mile distance between Las Vegas and Detroit, the cities have similar challenges, said Todd Kessler, chairman of the Downtown Vegas Alliance. The Great Recession battered both cities, which are trying to overcome reliance on single industries — automobiles and gaming — while transforming their downtown cores. Wealthy businessmen also have played pivotal roles in jump-starting the downtown makeovers. In Detroit, billionaire Dan Gilbert moved his Quicken Loans company downtown
and has bought scores of real estate. Gilbert, whose robust business portfolio includes the Cleveland Cavaliers, has invested more than $1.5 billion into downtown Detroit. Similarly, Zappos CEO Tony Hsieh spurred economic activity in downtown Las Vegas when he moved the company’s headquarters there three years ago. His Downtown Project, a $350 million investment that includes real estate, helped rejuvenate East Fremont Street with new bars, restaurants and retail. But the transformations are far from over in both cities. The Las Vegas City Council approved a new master plan for downtown June 15. “We don’t need to reinvent the wheel to make this happen,” Las Vegas Mayor Pro Tem Steve Ross said, referencing the chance to learn from Detroit leaders. And so for 90 minutes in a downtown ballroom, city officials, business leaders and residents of downtown Las Vegas listened to their Detroit peers talk about how revitalization is gaining ground in the Rust Belt. Here are some takeaways from their commentary: n A clean, safe environment is crucial to spurring more activity downtown. The Downtown Detroit Partnership aims to foster development that benefits businesses, visitors and residents in the downtown core. Two years ago, it helped property owners form a business-improvement zone that provides for cleaning, safety and landscaping services downtown. Removing graffiti, picking up trash
and targeting crime hot spots improve the quality of life downtown, making it a more attractive place for businesses and people, said Gina Cavaliere, chief business growth officer of the Downtown Detroit Partnership. n Instill a sense of community pride among residents. Jeanette Pierce, a lifelong Detroit resident, founded the Detroit Experience Factory, which helps connect tourists and locals with all the city has to offer through experiential tours. Tours delve into the city’s neighborhoods, restaurant scene and architectural gems, among other aspects of the culture. Sixty-seven percent of the people who participate in the tours are from the Detroit area, Pierce said. “We focus on them because they can use that information more,” she said. Detroit also created a checklist of the 300-some bars and restaurants within its jurisdiction. The simple brochure encourages people to try new eateries or watering holes once they realize how many exist. The bottom line: If people feel more connected to their city, they’ll be more likely to take advantage of all it has to offer or maybe even move downtown, she said. n Don’t be afraid to try something different. Situated in the heart of downtown Detroit is Campus Martius Park, two square blocks that feature, among other amenities, a sandy play area known as “the beach” in the summer and an iceskating rink in the winter.
Elsewhere in Detroit, “The Z” parking garage boasts murals and 30,000 square feet of retail space, turning the spot into a destination as opposed to simply a place to leave your vehicle, said Matt Roling, director of business development for Rock Ventures LLC, the umbrella entity for Gilbert’s portfolio of companies. These are examples of out-of-thebox thinking that have helped downtown Detroit foster a sense of community, he said. “You’re all in it together,” Roling said. “The next time someone comes to you with a crazy idea about how to make the city better, try to say yes before no.” n Let projects be reflective of the community. Two years ago, construction began on the M-1 Rail, a 3.3-mile circulating streetcar in downtown Detroit that came to fruition because of a large-scale public-private partnership. The M-1 Rail, a nonprofit organization that was formed in 2007 to spearhead the design and construction of the Q Line Detroit, is expected to be operational next spring. During the planning process, officials sought input from business and community advisory councils, said Sommer Woods, director of external relations for the transit organization. The feedback included specifics such as landscaping and fence design, as well as who should construct the rail line. Ultimately, 40 percent of the construction workers on the project resided in Detroit.
Clark County, Las Vegas officials tussle over Metro funding By jackie valley Staff Writer
Who’s the bigger supporter of public safety? As violent crime rises in Southern Nevada, the Clark County Commission and Las Vegas City Council are battling for that distinction. The verbal feud between the government entities began when the City Council approved shuffling an additional $440,000 to Metro Police to fund a 13-week program focusing on crime hot spots. In the process, council members insinuated that the commission’s long, contentious road to approving the More Cops sales tax increase contributed to a spike in crime.
“Clark County is obviously not participating, considering what they did with the More Cops initiative,” Mayor Pro Tem Steve Ross said. In September, the commission voted 6-1 to approve a sales-tax rate increase, from 8.1 percent to 8.15 percent, to fund more than 100 new officer positions. The tax increase was smaller than initial proposals and was years in the making. The public criticism didn’t sit well with the seven-member commission, which fired back during its regular meeting and reiterated support for the police department. Chairman Steve Sisolak recommended the county allocate an addi-
tional $1 million annually to Metro that would pay for permanent officer positions and programs. He called the city’s temporary funding proposal a “small beginning” that won’t create a long-term solution. Sisolak pressed Assistant Sheriff Todd Fasulo to indicate which funding proposal would be better. Fasulo dodged giving a direct answer but acknowledged that permanent budget increases will never be turned down. “To answer your question, we’ll take anything we can get,” he said. “Cops matter.” The county’s $1 million allocation would come from a detention
center reserve fund, Sisolak said. The funding formula for the police department dictates that the city would need to contribute $620,000 yearly, bringing the total budget augmentation to $1.62 million. That amount would pay for the permanent addition of one sergeant, two detectives and 10 officers, according to the police department. The recurring costs of those hires would be lower — $1.2 million — in future years. The department eventually hopes to staff 2.1 officers per 1,000 residents, which authorities say is the national average. Its current ratio is 1.7 officers per 1,000 residents.
9
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your Business-to-business news
June 19-June 25
Send your business-related information to news@vegasinc.com
Wynn says he doesn’t understand nightclubs, loves nongaming revenue By j.d. morris Staff Writer
Steve Wynn said recently that he thought young people probably wasted too much time on social media and that he was not a huge supporter of “the nightclub crowd.” The casino mogul told an audience gathered for a major gambling conference at the Mirage that technology had helped resorts by allowing them to better track customers and employees and, generally, offer more choices. At the same time, he said, technology — social media in particular — seemed to engulf young people in a “virtual world.” Wynn said he was “not a big fan” of Facebook or Twitter and that young people likely spend more “dim-witted time” on the platforms than they’re worth. He admitted a bit lightheartedly, however, that he was “one of those old white guys” who thinks millennials are “sort of short on brains.” “But in the meantime, we’re doing well with them. We put the little darlings in the nightclubs,” Wynn said. “It’s probably the only part of the business where I have cognitive dissonance. I walk into the clubs and I say to myself, either we have attracted every moron in the world or there’s something about the sound that allows normal people to check their human sensibilities at the door.” It was one of the more colorful moments in a keynote speech Wynn delivered at the outset of the first full day of the 16th International Conference on Gambling & Risk Taking. Started by the late Bill Eadington of the University of Nevada, Reno, the conference focuses largely on gambling-related academia and drew some 600 researchers and others from around the world to Las Vegas. Organizers asked Wynn, who developed the Mirage, to reflect on the so-called integrated-resort model that made the hotel such a hit. It was a rare appearance by Wynn at the Mirage, which is now run by rival casino operator MGM Resorts International. Still, he looked back fondly on the resort’s debut in 1989, when it made a huge splash with nongambling features such as an erupting fake volcano, a domed atrium filled with vegetation and the “Siegfried & Roy” show. “It was a phenomenon because of what it was,” Wynn said of the Mirage. “It wasn’t about gaming — it was about the place.” At multiple points in the speech, Wynn reiterated his strong belief in the importance of nongambling revenue to major resorts. He reminded the audi-
ence that even as his properties such as the Mirage, Bellagio and Wynn Las Vegas reached new heights in gambling revenue when they opened, they simultaneously brought in higher levels of nongambling revenue. “The pattern is this: Gaming is a passive activity. It has no value. One roulette table is exactly the same as
every other damn roulette table,” Wynn said. “A gaming room has no dynamic value. It’s strictly a receptacle, a cash register. The driver in our business is the noncasino activity. The driver in our business is the experiential value of the enterprise.” Nightclubs are a key component of that experiential value, and even
though Wynn said he did not have “a lot of respect for the nightclub crowd,” he does appreciate the financial success he has had on that front. And his resorts’ nightlife scene is well regarded: The XS nightclub at his Encore resort, for example, has been named the country’s top nightclub by Nightclub & Bar multiple times.
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Major developer confident in Las Vegas “When the times get tough, you do whatever it takes to keep your existing tenants and try to attract new tenants. Remember, everybody else had vacancies, so there was huge competition. ... You fight hard to survive.”
By eli segall Staff Writer
Oregon real estate magnate Jordan Schnitzer is one of the biggest landlords in Las Vegas, with millions of square feet of warehouses under his control. He hasn’t built a local industrial project since the recession. But now, with the market heating up, Schnitzer is breaking ground again. Schnitzer, owner of Portlandbased Harsch Investment Properties, is expanding Henderson Commerce Center, an industrial park at Warm Springs and Eastgate roads, with a 240,000-square-foot building. No tenants are lined up. Harsch officials and others gathered recently at the expansion site for a groundbreaking ceremony. As planned, the building would have 12 units, most of which would be around 20,000 square feet. The project is expected to be finished by the end of the year. Southern Nevada’s industrial market has heated up the past few years with rising rents, shrinking vacancies and increased development. Many investors are starting construction — or at least planning to — without tenants in place, figuring demand for space is strong enough that their buildings won’t sit empty for long, or at all. Two years ago, business booster the Las Vegas Global Economic Alliance released a report saying dozens of companies that considered moving to the valley picked other cities largely because of a dearth of big, available industrial properties. Today, however, more than a few real estate pros question whether developers are building too many such projects. Schnitzer’s company owns and operates 23 million square feet of real
schnitzer
estate in six Western states. According to VEGAS INC research, Harsch was the largest commercial-property landlord in the valley as of mid-2015, with more than 8 million square feet under ownership, mostly comprising industrial space. (The list did not include casino operators.) Schnitzer spoke about the market with VEGAS INC after the recent groundbreaking. How long have you been planning this expansion? We’ve been planning this for 15 years. It was originally planned to be a couple of buildings, and when the recession hit, it was just put on hold. Landlords throughout the valley lost tenants during the recession. At its best, what was your local portfolio’s vacancy rate, and what was it at the worst? We were about 94 percent occupied, and it dropped to 78 percent. This recession, not only did it increase the vacancy, the rents went down dramatically, too. Did you lose any properties to foreclosure or through bankruptcy? No. In our 65 years, we’ve never had a default, never missed a dime to anybody. What did you do to fill the empty space once the recession hit?
When the times get tough, you do whatever it takes to keep your existing tenants and try to attract new tenants. Remember, everybody else had vacancies, so there was huge competition. Businesses weren’t growing; they were shutting their doors and collapsing. You fight hard to survive. How did Las Vegas compare with other markets where you own properties? Vegas was hit worse. You had about 120,000 workers in the construction business, and that dropped to about 36,000 during the recession. Most other markets that we were in are much older areas — San Francisco, Seattle, Portland, San Diego. They all got hit really hard, too, but Las Vegas just had significant weakness with its dependency on the construction industry. There’s a lot of warehouse construction in the valley and even more being planned. Do you think there is too much development, and do you think there are too many speculative projects? When you’re building a big warehouse, you’re building four walls with a lot of air in between. Do I think the market’s going to get overbuilt with big-box? Yes. This is a business where you go through a recession, demand starts rising, a few gutsy
people start building some properties, whether it’s apartments, retail, office, industrial, and other people say, ‘We should do it too,’ and it all goes right up the curve to get ready for another recession. Is it easier to fill a building that’s divided into 10,000- or 20,000-square-foot spaces, or an open, 150,000-square-foot building? It all depends upon the market. If the market’s strong, you’ll fill both; if the market’s not strong, then you struggle to fill either. How does Las Vegas compare with other markets, in terms of the construction pipeline, rents, vacancies? It depends what kind of property type you’re talking about, but generally, all of the markets are extremely strong. Unemployment has gone down everywhere. There’s been a huge improvement. Does it worry you that Las Vegas, even though its unemployment rate has come down a lot, still has one of the highest jobless rates of any large metro area in the country? Does that give you any cause for concern? Everything gives me cause for concern. When you stop being concerned, you get cocky and you get in trouble. I’ve been a strong believer in Las Vegas since the ’90s, and I’m just as confident about its future growth now as I was then. At the same time, you learn from these recessions. This is a business where people expand like crazy, get in trouble, use thirdparty money, give a project back to the bank, and then they try to do it all over again. That’s not our strategy.
Las Vegas no longer has nation’s greatest share of debt-laden homes By eli segall Staff Writer
For the first time in more than four years, Las Vegas does not have the highest rate of underwater homeowners in the country. But only by a hair. An estimated 20.2 percent of Las Vegas-area homeowners with mortgages were underwater — their debt outweighing their home’s value — in
the quarter ending March 31, according to home-listing service Zillow. That was second-highest among the 35 metro areas listed in the report. Chicago was No. 1, at 20.3 percent. Nationally, 12.7 percent of borrowers are underwater, Zillow said. Las Vegas had the highest rate of upside-down borrowers in the country from the second quarter of 2011,
when Zillow started tracking the topic, through the fourth quarter last year, the Seattle-based company said. The city’s rate peaked in the first quarter of 2012 at 71 percent — more than double the U.S. peak of 31.4 percent that same quarter. The problem has eased considerably, locally and nationally, thanks to rising home values. But in some
metro areas, underwater rates have shrunk to single digits. For instance, just 4.4 percent of borrowers in San Francisco were underwater last quarter, and in San Jose, only 2.8 percent were upside-down, Zillow reported. Those cities were the only ones in the report with underwater rates below 5 percent.
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June 19-June 25
Send your business-related information to news@vegasinc.com
cash, fro m page 1
Survey finds most people carry less than $100 installed in cars, on bicycles, on clothing and nearly everything else via the so-called Internet of Things. The San Francisco Fed reported that in 2014, only 14 percent of consumer purchases were made in cash; the rest were in some form of electronic commerce. “As a result of the low need for cash in the general economy, people don’t carry a lot of it,” said Harry Hagerty, president and chief financial officer of Sightline Payments LLC in Las Vegas, a developer of cashless payment systems for gaming companies and various other businesses. Although Hagerty says Las Vegas is somewhat insulated from the trend in that nearly all casino purchases are made in cash, that doesn’t apply to the general marketplace. In fact, bankrate.com reported a survey showing that 81 percent of consumers had less than $100 in cash on them. So how must businesses, employees and consumers adapt? William “Bill” Robinson, assistant professor of economics at UNLV’s Lee Business School, says businesses must realize that consumers “are going to come after them in many different ways: credit cards, debit cards, gift cards, PayPal, Bitcoin, etc., and they need to be ready for all of it. “And those businesses that don’t adapt? They die,” Robinson said. Mae Worthey, vice chair of the Clark County Business Development Advisory Council, recalled a story of someone giving a cab driver cash, “and the driver was brought to tears because he had not eaten: All of his riders had paid with credit cards for the past 24 hours, and he had no money to eat with.” The moral: Few ever think about it, but small businesses have to wait for money from card transactions to appear in their accounts. “This means that small businesses are going to have to be even more savvy with their income,” Worthey said. Beyond that, many patrons don’t appreciate having a transaction fee passed on. Businesses must either figure a way pass the fee along, absorb it or risk losing customers. “I would rather pay an extra 50 cents for my item, without know-
“I can go weeks without having cash in my purse. I usually grab some cash back when grocery shopping — other than that, I use my card for gas, restaurants and I pay bills online. My hair salon, nail salon, wax salon all take credit and debit, so these were the last places at which I was using cash.” — Mae Worthey, vice chair of the Clark County Business Development Advisory Council
ing, than to pay that 50-cent fee,” Worthey said. Scott Seegmiller, chief financial officer of WestCorp Management Group, says his firm processes about 60 percent of its rent payments online, and encourages residents to pay online. “We have had to change our processes, but more, train the residents on how to pay online.” Businesses must embrace technology, he adds, or “lose a large share of the market.” Companies that don’t accommodate a broad range of electronic payments will inevitably lose customers, Worthey says. “There are many of us who simply don’t go to the bank and don’t have cash,” she said. “I can go weeks without having cash in my purse. I usually grab some cash back when grocery shopping; other than that, I use my card for gas, restaurants and I pay bills online. My hair salon, nail salon, wax salon all take credit and debit, so these were the last places at which I was using cash.” Worthey says electronic payments are accepted at all businesses she patronizes. “I avoid places that require you to get cash out of their ATM machines, at which I will pay my bank a fee and the machine a fee,” she said. “I will simply go elsewhere. When my friends and I are collecting money for things, such as concert tickets, we pay each other through PayPal or Google Wallet.” But what about tipping? As use of cash declines, Robinson said, it could become an issue. “You can’t slip someone $5 for doing good work” if you’re not carrying cash, he said. “The IRS will be very happy; people who work for tips, not so much.” Dispensing with
cash also “makes life tougher for the little guy,” he said. “The food truck person or the budding entrepreneur who now has to pay fees every time he sells rather than getting the cold, hard cash. How about the kid down the street who mows lawns? Now, the 12-yearold has to deal with PayPal instead of just getting a five-dollar bill.” nnn Flying in the face of the trend are concerns over privacy and security of electronic payments. “First and foremost, the hackers win” in the absence of cash, said Michael Johnson, managing partner of the Sporting Life Bar in Las Vegas. “Visa will simply up their charges, if real credit exists at that point. But I believe credit will evaporate.” By 2025, Johnson said, “we will be in a world where Big Brother will know your financial situation. You will put your fingerprint, with heat signature, on most things to get it approved.” Robinson cited a study that the Soviet KGB did for the Kremlin in the 1970s to determine the best way for the government to control the populace, which concluded that an electronic payment system was the best and cheapest method. “The government would always know where you were and what you were doing,” Robinson said. “It also makes hackers very happy, because more of what we do becomes accessible to them. If you are not paranoid, and don’t believe someone is watching you, then it’s no big deal. But privacy will continue to be impacted, and risks associated with the financial system increase.” Rather than be afraid of this tech-
nology because of security concerns, Worthey feels Americans should continue to embrace it, “and by doing so, security will get better and better.” “For example, the implementation of the chip is making it safer to use your card,” she said. Resisting advancements in payment technology due to security concerns, she said, was like avoiding driving because of fear of an accident. “Given the amount of transactions taking place by the minute, proportionately, the chances of fraud are infrequent, I imagine,” Worthey said. “There was a time when we feared online shopping, but now there seem to be few issues, especially since credit-card companies have tight security and will refund your money in fraud cases.” Anytime she uses her card at an unusual location, Worthey receives an automated call from her creditcard company checking to be sure it was not fraudulent. “It’s annoying,” she admitted, “but I appreciate the security. Companies should embrace this as a convenience factor for shoppers who will use credit cards if they don’t have the (cash) for that emotional purchase.” As consumers, Worthey concluded, “we need to be cautious because we are at greater risk of accumulating more debt and spending more freely, because plastic doesn’t feel real, like spending cash.” nnn How can businesses adapt to the dwindling use of cash? According to the experts, these are some of the best ways: n Try the Square, which turns a smartphone or mobile device into a card or chip reader. n Set up a PayPal account, which allows users to pay online using funds from their own PayPal or bank accounts, or with a credit card. n Explore Bitcoin, the digital asset and payment system that some see as an investment to be purchased in the hope they will rise in value like gold or silver. n Buy an ATM for the holdouts who insist on sticking with cash. They frequently pay for themselves in about six months.
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June 19-June 25
Send your business-related information to news@vegasinc.com
Calendar of events tuesday, June 21 The Social Register’s complimentary business coaching webinars Time: 12:30-1:30 p.m. Cost: Free Location: Visit socialregister.com Information: Call Mary at 702-256-0123. This webinar, “Going Deep: Does Your Business Sales DNA Produce?” is presented by Nathan Smith of SmithDurant. Vegas Women Connect Time: 6-8 p.m. Cost: Free Location: Chow, 1020 Fremont St., Las Vegas Information: Call 702-518-3641 This networking event will feature Chef Natalie Young, who will share insight about being a female entrepreneur.
WEDNESDAY, JUNE 22 Takin’ Care of Business golf tournament Time: 3-6 p.m. Cost: $150 Location: Topgolf Las Vegas, 4627 Koval Lane, Las Vegas Information: Visit unlvalumni.org/tcb Golfers and golf enthusiasts can play at the new Strip business in support of the UNLV Lee Business School alumni chapter. Network with local business professionals and UNLV alumni.
Information: Call Donna at 702-565-8951 Sam Kaufman, CEO and managing director of Henderson Hospital, and Craig Johnson, partner at Union Village, will discuss the first integrated health village, where traditional providers will merge to establish a complete care continuum. Startup Grind: Howard Love, Angel Investor Time: 6-9 p.m. Cost: $10 Location: Work in Progress, 317 S. Sixth St., Las Vegas Information: Visit workinprogress.lv/events/ Howard Love, who funds and manages startups, will discuss how to succeed. CFMA luncheon Time: 11:30 a.m. Cost: $30 for Construction Financial Management Association members; $40 for nonmembers Location: Lawry’s the Prime Rib, 4043 Howard Hughes Parkway, Las Vegas Information: Call Anne at 702-493-1066 The featured speakers will be Mark Easley of the Nevada Department of Taxation and Daniel Chappell, a licensed certified public accountant who previously worked for the IRS.
THURSDAY, JUNE 23
NAWBO business lunch series Time: 11:30 a.m.-1 p.m. Cost: $35 for National Association of Women Business Owners members; $45 for nonmembers; $55 at the door Location: Cili Restaurant at Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Visit nawbosnv.org Ronna Timpa will discuss how exclusion in the workplace can be damaging.
2016 Human Resources Academy Time: 8:30 a.m.-11 a.m. Cost: Free Location: Las Vegas City Hall, Achievement Room, 495 S. Main St., Las Vegas Information: laborlawyers.com This presentation, “What to Do When the Government Knocks,” is for business owners, managers, supervisors and human resources professionals who must deal with real-life workplace issues with legal consequences.
Henderson Development Association luncheon and presentation Time: 11:30 a.m.-1 p.m. Cost: $40 for Henderson Chamber of Commerce members; $65 for nonmembers; $10 additional for walk-ins Location: DragonRidge Country Club, 552 S. Stephanie St., Henderson
The Social Register’s business workshop Time: 11:30 a.m.-1 p.m. Cost: Free for Social Register members and guests; $20 for nonmembers; $10 additional at the door Location: Spanish Trail Country Club, 5050 Spanish Trail Lane, Las Vegas Information: Call Mary at 702-256-0123
Brian Williams, president of Five Star Economy, will present “Step-by-Step: How to Build a 5-Star Reputation for your Business.” 2016 Midyear Economics Outlook conference Time: 8-10:30 a.m. Cost: $100 Location: Venetian/Palazzo, 3355 Las Vegas Blvd. South, Las Vegas Information: Call 702-895-3191 Attendees will learn about the forces that shape the state and national economies. Presented by the Center for Business and Economic Research at UNLV. Networking mixer Time: 5-8 p.m. Cost: $15 Henderson Chamber members; $25 for nonmembers; $10 additional for walk-ins; RSVP by June 22 Location: Buca di Beppo, 412 E. Flamingo Road, Las Vegas Information: Call Donna at 702-565-8951 Chamber networking mixers offer business professionals the chance to expand their network and their business in fun, relaxing settings. Auction boot camp Time: 4-5 p.m. Cost: Free Location: Haines & Krieger Realty, 8985 S. Eastern Ave., Suite 370, Las Vegas Information: Call 702-586-1616 This one-hour workshop will provide information and tools to help agents and investors succeed at trustee sale auctions. Learn how to handle prospect-profitable properties, calculate profit using a deal-analysis calculator and more.
SATURDAY, JUNE 25 DeVry Toasters Toastmasters Club open house Time: 11 a.m. Cost: Free Location: DeVry University, 2490 Paseo Verde Parkway, Suite 150, Henderson Information: Call 702-933-9700 DeVry Toasters has a diverse membership committed to helping one another improve communication and leadership skills. Take the next step toward your goals while networking at this open-house event.
Conventions
expected Show Location Dates attendance
Licensing International Expo
Mandalay Bay
June 21-23
13,000
American Immigration Lawyers Association annual conference
Cosmopolitan
June 21-25
2,000
Casino Chips and Gaming Token Collector’s Club annual convention
South Point
June 23-25
2,000
International Esthetics Cosmetics and Spa Conference / International Beauty Show Las Vegas
Las Vegas Convention Center
June 25-27
25,000
18
VEGAS INC
the data
june 19-June 25
Send your business-related information to news@vegasinc.com
Records and Transactions Bankruptcies Chapter 11 Starving Students Of Nevada LLC 2655 Rainbow Blvd., Suite 110 Las Vegas, 89146 Attorney: Mark M. Weisenmiller at mweisenmiller@gtg.legal
Bid Opportunities JUNE 23 2:15 p.m. Lewis Professional Building: Boiler rehabilitation and mechanical upgrades Clark County, 604091 Sandy Moody-Upton at scm@ clarkcountynv.gov 3 p.m. Annual requirements contract for boiler preventative maintenance and repairs countywide Clark County, 604086 Adriane Garcia at akgarcia@clarkcountynv.gov
JUNE 30 3 p.m. Annual requirements contract for juvenile inmate clothing Clark County, 604122 Susan Tighi at slt@clarkcountynv. gov
Brokered transactions SALES $23,162,717 for 102,370 square feet, retail 1030 W. Sunset Road, Henderson 89014 Landlord: LBG Real Estate Landlord Agent: Chris Kostanecki and Dave Lucas of Capital Pacific Tenant: Did not disclose Tenant agent: Did not disclose $ 20,000,000 for 99,600 square feet, office 280 Pilot Road, Las Vegas 89119 Landlord: Ameriprise Financial Landlord Agent: None Tenant: American Homes 4 Rent Tenant agent: Joe Leavitt, Scott Donaghe and Chris Lexis of Avison Young $ 985,000 for 11,607 square feet, industrial 4655 Quality Court, Las Vegas 89103 Landlord: MDL Group Landlord Agent: Did not disclose Tenant: Did not disclose Tenant agent: Jarrad Katz SIOR, CCIM and Galit Kimerling $ 750,000 for 2.5 acres, land Near Pyle and Polaris avenues, Las Vegas 89141
Landlord: Pyle Street Trust Landlord Agent: Vince Schettler Tenant: CFT Lands LLC Tenant agent: Did not disclose $ 725,000 for 1 acre, land Near Fort Apache and Post roads, Las Vegas 89148 Landlord: Did not disclose Landlord Agent: Michael Boscia CCIM Tenant: Did not disclose Tenant agent: Did not disclose $ 490,000 for 10 units, multifamily complex 2555 Sherwood St., Las Vegas 89109 Landlord: Did not disclose Landlord Agent: Neil Dela Cruz and Oliver Kruaprasert Tenant: Did not disclose Tenant agent: Did not disclose
Road, Suite 140, Las Vegas Owner: Karen Waugh Kelli McCrimmon License type: Real estate Address: 5550 Painted Mirage Road, Suite 140, Las Vegas Owner: Kelli McCrimmon Ken Scherer License type: Real estate Address: 777 N. Rainbow Blvd., Suite 120, Las Vegas Owner: Ken Scherer Kenneth Douglas License type: Real estate Address: 7465 W. Lake Mead Blvd., Suite 100, Las Vegas Owner: Kenneth Douglas
BUSINESS LICENSES
Ki-Atsu Institute for Vedic Sciences License type: Massage Address: 2540 Anthem Village Drive, Suite 160, Henderson Owner: Ki-Atsu Institute for Healing Arts LLC
Inspections Of America LLC License type: Professional services Address: 3301 Spring Mountain Road, Las Vegas Owner: Wiener & Wiener Acquisitions Inc.
Kikai’s Nails License type: Salon Address: 309 N. Nellis Blvd., Suite 135, Las Vegas Owner: Kikai’s Nails LLC
Islandtucky Fried Chicken LLC License type: Mobile food vendor Address: 4181 Pioneer Ave., Las Vegas Owner: Frank Ugale
Kim’s In-Home Grooming License type: Miscellaneous Address: 2121 Cabrini Court, North Las Vegas Owner: Kimberly Ward
It’s A Blissful Life! License type: Psychic arts - science Address: 2400 N. Tenaya Way, Suite 101, Las Vegas Owner: Kimberley Galliher
La Bonita Supermarkets License type: Grocer Address: 6000 W. Cheyenne Ave., Las Vegas Owner: La Bonita Grocery and Meat Market Inc.
J3RK License type: Retail Address: Did not disclose Owner: Jeremiah Achuff Jasmine Gamber License type: Massage Address: 2625 W. Horizon Ridge Parkway, Suite 140, Henderson Owner: Jasmine Gamber Jason Yocum License type: Real estate Address: 5550 Painted Mirage Road, Suite 140, Las Vegas Owner: Jason Yocum Joe’s Jeans License type: Retail Address: 755 S. Grand Central Parkway, Suite 1150, Las Vegas Owner: GBG Denim Retail LLC Karen Cormier License type: Real estate Address: 5550 Painted Mirage Road, Suite 140, Las Vegas Owner: Karen Cormier Karen Waugh License type: Real estate Address: 5550 Painted Mirage
Las Vegas Crushing Inc. License type: Building supplies Address: 1030 Wigwam Parkway, Las Vegas Owner: David Rocchio Las Vegas Krav Maga License type: Martial arts instruction Address: 5640 W. Charleston Blvd., Suite A, Las Vegas Owner: Krav Maga 702 Inc. Las Vegas Martial Arts Academy LLC License type: Martial arts instruction Address: 3250 N. Tenaya Way, Suite 109, Las Vegas Owner: Ilene Bautista and Matthew Lusk Las Vegas Metro Chamber of Commerce License type: Multivendor Address: 850 Las Vegas Blvd. North, Las Vegas Owner: Greater Las Vegas Chamber of Commerce Las Vegas Smoke Shop II License type: Tobacco dealer Address: 9128 W. Sahara Ave., Las Vegas
Owner: Robert Paulos
Owner: Marcia Evans-Parchment
Las Vegas Vacation Rentals License type: Short-term residential Address: 2310 Llewellyn Drive, Las Vegas Owner: Ori Solomon
Margaret Strauser License type: Massage Address: Did not disclose Owner: Margaret Strauser
Lena Paola License type: Real estate Address: 7674 W. Lake Mead Blvd., Suite 109, Las Vegas Owner: Lena Paola Life Changers License type: Management or consulting service Address: 3620 N. Rancho Drive, Suite 114, Las Vegas Owner: PRIDE Services LLC Lightning Bail License type: Bail bond agency Address: 629 S. Casino Center Blvd., Las Vegas Owner: Lightning Bail LLC Lili’s License type: Residential property maintenance Address: Did not disclose Owner: Liliana Baltazar Jimenez Lion Star Alchemy License type: Psychic arts - science Address: Did not disclose Owner: Julianna Char Livewire Electric LLC License type: Contractor Address: 1110 Palms Airport Drive, Suite B, Las Vegas Owner: Livewire Electric LLC Local Las Vegas Photography License type: Photography Address: 2820 Via Avanti St., Henderson Owner: Glen Scott Locomoco Hawaii BBQ License type: Restaurant Address: 719 N. Nellis Blvd., Las Vegas Owner: Locomoco Hawaii BBQ LLC Love All Humans License type: Advertising Address: 2362 N. Green Valley Parkway, Suite 97, Henderson Owner: Tracy Williams Makers And Finders Coffee License type: Coffee shop Address: 1120 S. Main St., Suite 110, Las Vegas Owner: Areperos Restaurant Group LLC
Maria Martinez De Ramirez License type: Real estate Address: 2620 Regatta Drive, Suite 102, Las Vegas Owner: Maria Martinez De Ramirez Marisa Sosa License type: Real estate Address: 6955 N. Durango Drive, Suite 1002, Las Vegas Owner: Marisa Sosa Midas License type: Garage Address: 1850 S. Rainbow Blvd., Las Vegas Owner: Sheets LLC MJ Harris Construction Services LLC License type: Real estate Address: 1180 N. Town Center Drive, Suite 100, Las Vegas Owner: Investors of Nevada Realty Inc., Robert Egan Moneygram Payment Systems Inc. License type: Wire service Address: 1940 Village Center Circle, Las Vegas Owner: Anthony Henry, W. Alex Holmes, Steven Piano and Moneygram International Moonridge Group LLC License type: Management or consulting service Address: 706 S. Eighth St., Las Vegas Owner: Julie Murray Mother Earth Landscapes License type: Residential property maintenance Address: Did not disclose Owner: Kimberly Barber Mrkt Engs License type: Management or consulting service Address: Did not disclose Owner: Market Engs LLC Mytop Landscapes License type: Lawn maintenance Address: 809 E. Cartier Ave., North Las Vegas Owner: Guadalupe Reyes Robles Nancy Myers License type: Real estate Address: 8704 W. Charleston Blvd., Suite 105, Las Vegas Owner: Nancy Myers
Malago Smoothie License type: Restaurant Address: 1717 S. Decatur Blvd., Suite H38, Las Vegas Owner: Maria Garcia
New Heights Laboratory License type: Clinic or laboratory Address: 3310 Sirius Ave., Las Vegas Owner: New Heights Enterprise LLC
Marcia Evans-Parchment License type: General services Address: Did not disclose
Next Generation Elite License type: Nonprofit registration Address: 2504 Bechamel Place,
19
VEGAS INC
the data
June 19-June 25
Send your business-related information to news@vegasinc.com
Records and Transactions Henderson Owner: Next Generation Elite Ng RV & Trailer Repair License type: Repair and maintenance Address: 3796 Edward Ave., Las Vegas Owner: Ng RV Services LLC Nikki Bonifatto License type: Real estate Address: 7942 W. Sahara Ave., Las Vegas Owner: Nikki Bonifatto Nostalgia Hot Rods LLC License type: Automotive Address: 1196 Wigwam Parkway, Henderson Owner: Nostalgia Hot Rods LLC NV PCC License type: Contractor Address: 2625 E. Craig Road, North Las Vegas Owner: Precision Concrete Cutting Inc. Olga Semenova License type: Real estate Address: 7465 W. Lake Mead Blvd., Suite 100, Las Vegas Owner: Olga Semenova Paisa Auto Glass License type: Retail Address: 1080 N. Rancho Drive, Las Vegas Owner: Cesar Barahona Ramos Papa Docs Boneyard BBQ Ribs License type: Food services or cafe Address: 1717 S. Decatur Blvd., Las Vegas Owner: Wille Johnson Par 4 at Badlands Golf LLC License type: Tavern Address: 9119 Alta Drive, Las Vegas Owner: James Keith Flatt and Paul Jaramillo Parti-Pak Productions Inc License type: Alcoholic beverage caterer Address: 2800 W. Sahara Ave., Suites 2C and 3C, Las Vegas Owner: Janeen Hinden Pascua, Marla License type: Counseling Address: 912 White Hill Circle, Henderson Owner: Marla Pascua Patty Austin License type: Real estate Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Patty Austin Paul Gilroy License type: Real estate Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Paul Gilroy
Perfect Pixie Cleaning LLC License type: Housecleaning Address: 53 American Run Ave., Henderson Owner: Perfect Pixie Cleaning LLC
Rob Tuvell License type: Real estate Address: 5550 Painted Mirage Road, Suite 500, Las Vegas Owner: Robert Tuvell LLC
Pet Friend License type: Business support Address: 1528 W. Warm Springs Road, Suite 100, Henderson Owner: Papito LLC
Rockabilly Girl License type: Retail Address: 725 Las Vegas Blvd. South, Suite 230, Las Vegas Owner: Rockabilly Girl LLC
Pianola Lingerie LLC License type: Retail Address: 10701 S. Eastern Ave., Suite 2628, Henderson Owner: Pianola Lingerie LLC
Sahara Center LLC License type: Real estate Address: 1215 S. Fort Apache Road, Suite 120, Las Vegas Owner: SH Northeast Land Co. LLC
Prestige Jewelry & Gifts License type: Retail Address: 1300 W. Sunset Road, Suite 2509, Henderson Owner: Izaren Jewelry LLC
Sai Sushi License type: Restaurant Address: 2540 Anthem Village Drive, Suite 120, Henderson Owner: Sai Sushi LLC
Pure Spa License type: Salon Address: 10895 S. Eastern Ave., Suite 180, Henderson Owner: Energy Upgrades of Nevada LLC
Shari Lynn Norton License type: Real estate Address: 8290 W. Sahara Ave., Suite 100, Las Vegas Owner: Shari Norton
Putters Bar & Grill License type: Automated teller operator Address: 7790 W. Cheyenne Ave., Las Vegas Owner: Lisa Carrison LLC Quality Commercial Maintenance License type: Business space rent or lease Address: 415 W. Bonanza Road, Las Vegas Owner: Quality Commercial Maintenance Quick Response License type: Auto sales-limited Address: 415 W. Bonanza Road, Las Vegas Owner: Quick Tow Inc. Rapid General Services License type: Residential property maintenance Address: Did not disclose Owner: Jose Paredes RD Companies License type: Contractor Address: 3054 S. Valley View Blvd., Las Vegas Owner: RD Lawns Inc Refill Pharmacy License types: Medical services and drugstore Address: 8536 Del Webb Blvd., Las Vegas Owner: Refill Pharmacy 1 LLC Renew Eco Blasting License type: Repair and maintenance Address: 113-437 Martin St., Suite 369, Las Vegas Owner: Renew Eco Blasting LLC
Shepherd Appraisal Service LLC License type: Appraiser Address: 8725 S. Eastern Ave., Las Vegas Owner: Laura Shepherd and Paul Shepherd Sierra Community Management License type: Management or consulting service Address: 6280 S. Valley View Blvd., Suite A, Las Vegas Owner: Sierra Community Management LLC Silver State Plumbing, Refrigeration & HVAC License type: Plumbing Address: 4535 Copper Sage St., Las Vegas Owner: Silver State Plumbing LLC Silver State Production Services License type: General services counter / office Address: 117 N. Fourth St., Suite 1B, Las Vegas Owner: Downtown Films LLC SM Services License type: Residential property maintenance Address: Did not disclose Owner: Antonio Magana and Teresa Sandoval Sophia Kupke License type: Massage Address: 1535 W. Warm Springs Road, Suite 105, Henderson Owner: Sophia Sun LLC Soul D’ Licious License type: Retail Address: 1725 S. Rainbow Blvd., Suite 21, Las Vegas Owner: Soul D’ Licious Seasoning & Manufacturing LLC
Speakeasy Liquor License type: Nondepository lender Address: 1006 E. Charleston Blvd., Suite 100, Las Vegas Owner: Bidi One Inc.
9925 S. Eastern Ave., Henderson Levine Investments Limited Partners $549,612, commercial 400 Stewart Ave., Las Vegas Bombard Electric LLC
Specialized Pain Management License type: Medical services Address: 653 N. Town Center Drive, Suite 204, Las Vegas Owner: Daniel Batlan Prof Corp.
$499,200, accessory building commercial 1960 W. Sunset Road, Henderson Mainwal Family Trust
Star Hardware Inc License type: Contractor Address: 6280 S. Valley View Blvd., Suite 230, Las Vegas Owner: Star Hardware Inc
$375,000, demolition commercial building 9925 S. Eastern Ave., Henderson Levine Investments Limited Partners
Stay Fresh Barber Shop LLC License type: Salon Address: 1750 S. Rainbow Blvd., Suite 11, Las Vegas Owner: Shannelle Baker and Kente Baker
$336,552, commercial - alteration 2520 E. Craig Road, North Las Vegas RC Pacific ConstructionIn
Stephanie Stowman, Ph.D, PLLC License type: Medical services Address: 2470 St. Rose Parkway, Suite 101, Henderson Owner: Stephanie Stowman Steven Yarmy License type: Attorney Address: 7464 W. Sahara Ave., Las Vegas Owner: Steven Yarmy Sung Kim Larsen License type: Real estate Address: 1127 S. Rancho Drive, Las Vegas Owner: Sung Larsen Surgent Group LLC License type: Employment agency Address: 8275 S. Eastern Ave., Las Vegas Owner: Brad Burke Sweet Seasons License type: Florist Address: 1158 Calcione Drive, Henderson Owner: Michael Lombardi
BUILDING PERMITS $3,470,614, multi-family dwelling 4654 N. Rainbow Blvd., Las Vegas Ovation Development Corp. $1,535,850, structural steel frame low/mid rise 855 Wigwam Parkway, Henderson Prologis-Exchange Black Mountain $1,323,534, commercial - addition 4100 E. Lone Mountain Road, North Las Vegas Intelligrated Systems Inc. $817,980, pool and/or spa 7508 Via Fiorentino St., Las Vegas Anthony & Sylvan Pools Corp. $750,003, restaurant complete
$330,000, tenant improvement 7200 W. Lake Mead Blvd., Las Vegas Tenaya Services LLC $252,852, residential - complete - custom 1230 Rose Quartz Road, Henderson DR Horton Inc. $250,073, single-family dwelling 10069 Cambridge Brook Ave., Las Vegas Greystone Nevada LLC $233,500, commercial - addition 2189 W. Craig Road, North Las Vegas R&O Construction $226,707, single-family dwelling 245 Elder View Drive, Las Vegas Greystone Nevada LLC $226,487, single-family dwelling 292 Oakrun Court, Las Vegas Greystone Nevada LLC $226,487, single-family dwelling 284 Oakrun Court, Las Vegas Greystone Nevada LLC $226,300, demolition commercial building 460 N. Stephanie St., Henderson Levine Investments LP $225,626, residential - complete production 2795 Candelaria Drive, Henderson Ryland Homes Nevada LLC $211,711, single-family dwelling 276 Oakrun Court, Las Vegas Greystone Nevada LLC $208,432, single-family dwelling 10057 Cambridge Brook Ave., Las Vegas Greystone Nevada LLC $200,008, residential - complete production 2811 Candelaria Drive, Henderson Ryland Homes Nevada LLC
20
VEGAS INC
june 19-June 25
your Business-to-business news Send your business-related information to news@vegasinc.com
Records and Transactions $195,659, single-family dwelling 8450 Great Outdoors St., Las Vegas Pardee Homes of Nevada $195,128, residential - complete production x2 2568 and 2577 Bridle Oaks Court, Henderson Pardee Homes of Nevada $195,000, tenant improvement 5770 Centennial Center Blvd. Suite 150, Las Vegas Sun City General Contracting
$171,562, residential - complete production 2186 Trivero St., Henderson Pardee Homes of Nevada $169,954, residential - complete production 2194 Trivero St., Henderson Pardee Homes of Nevada $168,721, single-family dwelling 379 Pollino Peaks St., Las Vegas Ryland Homes
$192,910, residential - complete production 1161 Skyline Road, Henderson PN II Inc.
$161,914, residential - complete production x2 160 and 164 Sand Lake St., Henderson KB Home Nevada Inc.
$186,518, single-family dwelling 10842 Hammett Park Ave., Las Vegas Toll North LV LLC
$159,917, residential - complete production 321 Homeward Way, Henderson Woodside Homes Nevada LLC
$184,995, commercial-building remodel 8500 S. Eastern Ave., Henderson Wigwam R A LLC
$158,975, residential - complete production 1371 Bear Brook Ave., Henderson Ryland Homes Nevada LLC
$183,288, commercial-building remodel 543 N. Stephanie St., Suite 110, Henderson HIP Stephanie LLC
$158,864, residential - complete production 1097 Vibrance Drive, Henderson Woodside Homes Nevada LLC
$178,992, residential - complete production 2190 Trivero St., Henderson Pardee Homes Nevada $178,580, single-family dwelling 9747 Ponderosa Skye Court, Las Vegas Century Communities of Nevada $176,485, single-family dwelling 6918 Summer Sky St., Las Vegas Richmond American Homes of Nevada $175,008, single-family dwelling 3221 Grayson Lake Court, Las Vegas Adaven Homes LLC $175,000, tenant improvement 900 S. Pavilion Center Drive, Suite 180, Las Vegas Brylor Construction LLC $174,223, residential - complete production 2576 Bridle Oaks Court, Henderson Pardee Homes of Nevada $174,223, residential - complete production 2573 Bridle Oaks Court, Henderson Pardee Homes of Nevada $173,702, single-family dwelling 12147 Castilla Rain Ave., Las Vegas Toll South LV LLC $173,702, single-family dwelling x2 100 and 124 Menorca Island Court, Las Vegas Toll South LV LLC
$158,479, residential - new 3720 Fuselier Drive, North Las Vegas Richmond American Homes of Nevada $156,488, single-family dwelling 8440 Great Outdoors St., Las Vegas Pardee Homes of Nevada $156,323, single-family dwelling x2 387 and 395 Pollino Peaks St., Las Vegas Ryland Homes $156,323, single-family dwelling 12264 Valentia Hills Ave., Las Vegas Ryland Homes $156,323, single-family dwelling 379 Calabria Ridge St., Las Vegas Ryland Homes $156,202, residential - complete production 155 Littlestone St., Henderson KB Home Nevada Inc. $155,759, residential - complete production 177 Hillside Glen Court, Henderson PN II Inc. $155,537, residential - complete production 2198 Trivero St., Henderson Pardee Homes Nevada $154,211, disaster 1750 N. Rampart Blvd., Las Vegas Kalb Industries of Nevada Ltd. $153,058, single-family dwelling 9934 Rams Leap Ave., Las Vegas
Woodside Homes of Nevada LLC $149,493, residential - complete production 329 Homeward Way, Henderson Woodside Homes Nevada LLC $147,940, residential - complete production 411 Pulse Ave., Henderson Richmond American Homes Nevada $146,554, residential - complete production 360 Via De Pellegrini, Henderson Century Communities Nevada LLC
Henderson Beazer-Inspirada LLC $136,906, residential - complete - production 963 Spiracle Ave., Henderson KB Home LV Pearl Creek LLC $136,129, residential - complete production 1144 Via San Pietro, Henderson Century Communities Nevada LLC $134,440, single-family dwelling 3284 Grayson Lake Court, Las Vegas Adaven Homes LLC
$146,497, single-family dwelling 10647 Marble Arch St., Las Vegas Greystone Nevada LLC
$131,860, residential - complete production 3072 Beaux Art Ave., Henderson Beazer-Inspirada LLC
$145,722, residential - complete production 2182 Trivero St., Henderson Pardee Homes Nevada
$130,699, single-family dwelling 7330 Quaking Aspen St., Las Vegas D R Horton Inc.
$144,671, single-family dwelling 375 Messina Strait St., Las Vegas Ryland Homes
$130,584, residential - complete production 330 Inflection St., Henderson Richmond American Homes of Nevada
$144,671, single-family dwelling x2 367 and 375 Calabria Ridge St., Las Vegas Ryland Homes $142,395, residential - complete production 2569 Bridle Oaks Court, Henderson Pardee Homes of Nevada
$130,584, residential - complete production 395 Pulse Ave., Henderson Richmond American Homes Nevada
$140,995, residential - new 209 Dela Cruz Ave., North Las Vegas William Lyon Homes Inc.
$129,475, residential - complete production 2629 Romanesque Queen St., Henderson Beazer-Inspirada LLC
$140,718, single-family dwelling 7340 Quaking Aspen St., Las Vegas DR Horton Inc.
$128,724, single-family dwelling 8430 Great Outdoors St., Las Vegas Pardee Homes of Nevada
$139,734, residential - complete production 679 Tremaine Court, Henderson Hacienda Trails LLC
$128,699, residential - complete production 457 Bagatelle Ave., Henderson Richmond American Homes of Nevada
$139,623, residential - complete production 2572 Bridle Oaks Court, Henderson Pardee Homes Of Nevada $139,234, residential - complete production 325 Homeward Way, Henderson Woodside Homes Nevada LLC $138,815, single-family dwelling 9730 Blistering Sun Ave., Las Vegas Richmond American Homes of Nevada
$128,699, residential - complete production x2 425 and 450 Barcarolle Lane, Henderson Richmond American Homes of Nevada $126,000, commercial 7125 N. Durango Drive, Las Vegas Donald B. Webb $125,927, commercial 4654 N. Rainbow Blvd., Las Vegas Ovation Development Corp.
$138,680, residential - complete production 387 Pulse Ave., Henderson Richmond American Homes of Nevada
$125,728, single-family dwelling 10565 Pelican Island Ave., Las Vegas Richmond American Homes of Nevada
$137,016, residential - complete production 2621 Romanesque Queen St.,
$125,535, residential - new 2107 Demorest Ave., North Las Vegas
Harmony Homes, Inc.. $125,000, OTC 4105 Tyler William Lane, Las Vegas Christena and Charles Graham $124,000, tenant improvement 6351 N. Fort Apache Road, Las Vegas Martin Harris Construction $122,821, residential - complete production 362 Ambitious St., Henderson Ryland Homes Nevada LLC $122,322, residential - complete production 3132 Beaux Art Ave., Henderson Beazer-Inspirada LLC $120,326, residential - complete production 2506 Fanano St., Henderson KB Home Inspirada LLC $120,271, residential - complete production 425 Via San Remo Circle, Henderson Century Communities Nevada LLC $119,494, residential - complete - model 1186 N. Water St., Henderson Richmond American Homes of Nevada Inc. $117,338, single-family dwelling 5805 Brilliant Blue Court, Las Vegas Richmond American Homes of Nevada $117,276, residential - complete production 885 Harbor Ave., Henderson KB Home LV Pearl Creek LLC $117,065, single-family dwelling 8925 Hull Bay Ave., Las Vegas DR Horton Inc. $116,659, single-family dwelling 9777 Canyon Landing Ave., Las Vegas Century Communities of Nevada $115,890, residential - complete production 3053 Savella Ave., Henderson Beazer-Inspirada LLC $114,802, single-family dwelling 9959 Bighorn Bellows Ave., Las Vegas Woodside Homes Of Nevada LLC $114,171, residential - complete production x2 453 and 461 Bagatelle Ave., Henderson Richmond American Homes Nv Inc. To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
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22
vegas inc
your Business-to-business news
june 19-June 25
Send your business-related information to news@vegasinc.com
The List
Category: highest-paid executives (Ranked by total compensation based on most recent available sec filing*) Total compensation
Salary
Bonus
Stock awards
Option awards
Non-equity incentive
All other compensation
Steve Wynn Chairman, CEO Wynn Resorts Ltd.
$20,680,391
$2,500,000
—
$8,750,000
—
$8,750,000
$680,391
2
James J. Murren Chairman, CEO MGM Resorts International
$13,271,940
$2,000,000
—
$6,249,992
—
$4,453,801
$568,147
3
Mark Frissora President, CEO Caesars Entertainment Corp.
$12,812,830
$1,599,231
—
$2,302,000
$5,012,000
$3,645,025
$254,574
4
Sheldon G. Adelson Chairman, CEO, treasurer Las Vegas Sands Corp.
$12,189,470
$1,000,000
—
$1,228,273
$1,825,000
$4,785,035
$3,351,162
5
Robert G. Goldstein President, COO Las Vegas Sands Corp.
$10,089,031
$3,250,000
—
—
—
$3,250,000
$3,589,031
6
Keith E. Smith President, CEO Boyd Gaming Corp.
$8,383,671
$1,275,000
—
$3,578,046
$853,877
$2,629,688
$47,060
7
Gary Loveman Chairman Caesars Entertainment Corp.
$7,618,242
$1,900,000
—
—
—
$4,062,500
$1,655,742
8
Michael A. Flaskey Executive vice president, chief sales and marketing officer Diamond Resorts International
$6,766,665
$653,846
—
$3,269,000
$1,125,129
$1,665,761
$53,929
9
Robert H. Baldwin Chief consumer development officer MGM Resorts International
$6,562,732
$1,650,000
—
$2,099,981
—
$2,755,790
$56,961
Anthony M. Sanfilippo CEO Pinnacle Entertainment Inc.
$5,652,941
$1,200,000
—
$1,483,246
$560,291
$2,394,000
$15,404
David F. Palmer President, CEO Diamond Resorts International
$5,641,231
$2,000,000
—
—
—
$3,240,000
$401,231
12
William J. Hornbuckle, IV President MGM Resorts International
$5,613,608
$1,250,000
—
$2,250,022
—
$2,087,719
$25,867
13
Corey I. Sanders COO MGM Resorts International
$5,448,428
$1,100,000
—
$2,500,011
—
$1,837,193
$11,224
14
Tariq Shaukat Executive vice president and chief commercial officer Caesars Entertainment Corp.
$4,954,813
$700,000
—
$3,359,951
$89,250
$787,500
$18,112
15
Rajesh C. Shrotriya Chairman, CEO Spectrum Pharmaceuticals
$4,422,565
$945,000
$945,000 $723,000
$155,962
—
$253,603
16
Linda Chen President of Wynn International marketing Wynn Resorts Ltd.
$4,325,362
$1,500,000
—
$1,125,000
—
$1,125,000
$575,362
17
Ram Chary** President, CEO Everi Holdings Inc.
$4,305,480
$796,154
—
—
$3,487,500
—
$21,826
18
William S. Boyd Executive chairman of the board of directors Boyd Gaming Corp.
$4,179,581
$1,040,000
$250,000 $1,121,727
$243,965
$1,358,500
$165,389
Name
1
10 11
*Total compensation = salary + bonus + value realized on exercise of stock options + value realized on sale of restricted stock + non-equity incentive plan compensation+ all other compensation **No longer with company, as of February Source: The companies’ filings with the Securities and Exchange Commission and VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC charts, omissions sometimes occur and some businesses do not respond. Please send corrections or additions on company letterhead to Clayt Keefer, research associate, VEGAS INC, 2360 Corporate Circle, Third floor, Henderson, NV 89074.
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